Elop
Company

Last deal

$5.69M
Local Amount - NOK 60M

Amount

Post-IPO Debt

Stage

25.06.2024

Date

3

all rounds

$8.45M

Total amount

date founded

Financing round

General

About Company
ELOP AS is a Norwegian start-up that specializes in ultrasonic equipment for non-destructive inspection and testing of concrete structures.

Industry

Sector :

Subsector :

Keywords :

Also Known As

ELOP AS

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Debt

IPO status

Private

Description

The company has an international team of highly qualified employees who are designing a new multi-element handheld ultrasonic 3D scanner. ELOP's strategy is to develop technology and sell instrumentation and licenses based on a novel combination of polymer-based ultrasonic transducer arrays and rollers for non-destructive inspection of solid materials. The company collaborates with partners to fulfill this project and has received significant grants from Innovation Norway, the Regional Research Fund Inland, and EU program Horizon 2020 in addition to its own investments. Elop AS has developed and patented technology based on ultrasound for the inspection and mapping of critical infrastructure. The company provides tools and digital solutions to inspect, monitor, and manage infrastructure worldwide, with the vision of providing smart solutions that contribute to increased safety and service life, and reduced service life costs and climate footprint. The company's patented, world's first dry-coupling rolling ultrasonic scanner provides a tool for unparalleled efficiency and cost reduction in the field of NDT inspection. The scanner works together with cloud-based software that allows inspectors to run further analysis on the data collected and generate findings and create a report.
Contacts

Phone number

Social url

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total rounds

2

total raised

$188K

Financials

Funding Rounds
3
3

Number of Funding Rounds

$8.45M

Money Raised

Their latest funding was raised on 25.06.2024. Their latest round Post-IPO Debt

Date 
Funding Round 
Investors 
Money Raised 
Lead 
25.06.2024
$5.69M
Local Amount - NOK 60M
16.10.2016
$1.46M
Local Amount - NOK 12M
01.11.2015
1
$1.29M
Co-Investors
Investors
1
0

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
EASME - EU Executive Agency for SMEs

EASME - EU Executive Agency for SMEs

EASME manages EU programs for SMEs, environment, energy, and maritime projects.

Sector

Industrial Support Services

Subsector

Professional Business Support Services

Keywords

Energy, Project Management

Location

Brussels, Belgium

count Of Investments

3607

count Of Exists

165

People

Founders
1
Terje Melandso
Terje Melandso

Terje Melandso

current job

Elop
Elop

organization founded

1

Terje Melandso

Employee Profiles
10
Kim Boman

Kim Boman

Chief Financial Officer

Bård Myrstad

Bård Myrstad

Chief Operating Officer

Daniel Abrahamsen Kohn

Daniel Abrahamsen Kohn

Chief Commercial Director

Erik Leung

Chief Product Officer

Imran Tamboli

Imran Tamboli

Chief Technology Officer

Øivind Horpestad

Øivind Horpestad

CEO and Chair of the Board

Terje Melandso

Terje Melandso

Chairman

Activity

Recent News
0